One might say that the ultimate break from the U.S. tax system is expatriation, i.e., renunciation of U.S. citizenship (or renunciation of permanent residency). Renunciation is a serious action that should only be taken after careful consideration of its many ramifications.Read More
This article discusses information reporting requirements that relate to foreign corporations. More specifically, a particular type of foreign corporation called a Controlled Foreign Corporation (CFC).Read More
The Limited Liability Company (LLC) is a popular type of entity with U.S. investors. It is distinct from other entity types such as corporations, partnerships, and limited liability partnerships.Read More
Do you engage in international business or investing activities? If so, it is highly recommended that your tax planning take into consideration tax treaties.Read More
A number of tax traps lie in wait for Canadians returning to Canada, and U.S. citizens moving to Canada, who hold a U.S. Individual Retirement Account (IRA). Diligent tax planning requires awareness of these traps before making a move to (or move back to) Canada.Read More